Transport Update

Patel Engg in talks with foreign firms for partnership

March 2010

Patel Engineering Ltd is negotiating with foreign firms for entering a partnership for large highway projects worth Rs 3,000 crore of NHAI. Currently, the company is executing two national highway projects on BOT (annuity) basis. In Karnataka, it is undertaking four-laning of NH-7 (463.6 km to 524 km) from Andhra Pradesh border to Avathi village in Karnataka, at an estimate of Rs 460 crore. It will receive an annuity income of Rs 1,185.84 crore over 18 years from the NHAI.

In Andhra Pradesh, the company is working on Rs 560 crore project to four laning a 48 km stretch (230 km to 278 km) from Islam Nagar to Kadtal village.

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